108 NE 24th StreetOak IslandNC28465
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Oak Island at 108 NE 24th Street, Oak Island, NC, 28465 offers a 5.42% rental yield on a $749,999 purchase with $3,386/mo rent. 3% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 72.59% and total cumulative return in cash at $179,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,386/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
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Listed by: Julie A Popichak • Southern Realty Advantage LLC
Mls Name: Hive MLS
Mls ID: #100548607